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DuPont Sees 'Significant' Opportunity in Biotechnology

10:20 AM MST | November 16, 2007 | Michelle Bryner

DuPont is targeting revenue from its Applied BioSciences product pipeline, which includes cellulosic biofuels, materials made from bio-based 1,3-propanediol (bio-PDO), and functional surface coatings, of $800 million in 2010, and $2.3 billion in 2012, the company said at its investor event held earlier this week in Wilmington, DE. DuPont first announced its efforts in the renewables space in November 2005 and at that time estimated a $3-billion net present value of its bio-based product pipeline. DuPont is now "more bullish" on this opportunity and...

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